Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 2 kc123, an order for kcc company has...

Exercise 2 KC123, an order for KCC Company has...

50.1K

Verified Solution

Question

Accounting

image

Exercise 2 KC123, an order for KCC Company has incurred the following costs on Job 40 gearing wheels to be delivered at the end of next month. Direct materials: On March 5, requisition number 501 was issued for 40 titanium blanks to be used in the special order. The blanks cost P80.00 each. On March 8, requisition number 503 was issued for 960 hardened nibs also to be used in the special order. The nibs cost P6.00 each. Direct labor On March 9, Kristine worked from 9:00AM until 12:15PM on Job KC123. She is paid P120.00 per hour On March 21, Clarisse worked from 2:15PM until 4:30PM on Job KC123. She is paid P140.00 per hour. Required: 1. On what documents would these costs be recorded? 2. How much cost should have been recorded on each of the documents for Job KC123

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

1.   Solve the following system: 2x1- 6x2- x3 = -38 -3x1–x2 +7x3 = -34 -8x1 +x2 – 2x3...

Basic Math
1.2K views

A company distributes college logo sweatshirts and sells them for 40 each The total cost...

Basic Math
1.2K views

Debra is on the swim team Each d the facts to find how much this...

Calculus
1.2K views

Find the indefinite integral f sin x cos adx O cos zsina C cos a...

Calculus
1.2K views

If f x sin there exists a number c in the interval x 3 that...

Calculus
1.2K views

C Differentiate the function R a 5a 1 R a

Accounting
1.2K views

Radar Company sells bikes for $550 each. The company currently sells 4,250 bikes per year...

Accounting
1.2K views

Which one of the following statements is true? Oa. When a company uses a subsidiary...

Accounting
1.2K views

The following information is available from the Oils Division of Glasgow Corporation for December. Conversion...

Accounting
1.2K views

3) Information for York Plastics as of December 31 follows. Prepare (a) the company's manufacturing...

Accounting
1.2K views

The estimated unit costs for a company to produce and sell a product at a...

Accounting
1.2K views

Assume that Oriole Construction Company has a non-cancellable contract to construct a $4,520,000 bridge at...